investment

The EAAIF, FMO and DEG have invested €84 million (US$89.2 million) into AXIAN Energy’s Kolda solar-plus-storage portfolio in Senegal.

The world will need to invest US$1.5 trillion per year until 2030 to meet the target of tripling clean power capacity by 2030.

Canada has announced up to C$500 million in finance for the country’s Smart Renewables and Electrification Pathways (SREPs) programme.

Investment in off-grid solar will be essential to provide electricity to 398 million people who are expected to be in energy poverty by 2030.

PV modelling relies on the assumption of 99% availability for forecasting, but the adoption of a more realistic metric would improve finances.

Monarch Private Capital and Invenergy have closed US$170 million in financing for the second phase of its Samson Solar Energy Center.

Europe and the US could need to announce close to 200GW of new clean energy capacity by 2030 to meet the world’s energy transition goals.

Analyst firm BloombergNEF has cautioned that Australia requires around A$2.4 trillion (US$1.6 trillion) investment to reach net zero, with solar PV and wind installations to reach 290GW by 2050.

Chinese PV manufacturer Tongwei has announced plans to obtain a controlling interest in fellow Chinese company Runergy.

NextPower V ESG (NPV ESG), an international fund operated by NextEnergy Capital (NEC), has acquired a 248MW Spanish solar PV portfolio.